Which of the following most appropriately illustrates the law of demand? Select one: a.households purchase fewer houses when their income falls. b.consumers prefer more goods to fewer goods. c.a household buys more cds after the price of cds falls. d.Sellers increase the amount they sell because the price of the product increases.
Which of the following most appropriately illustrates the law of demand? Select one: a.households purchase fewer houses when their income falls. b.consumers prefer more goods to fewer goods. c.a household buys more cds after the price of cds falls. d.Sellers increase the amount they sell because the price of the product increases.
Chapter3: Supply And Demand: Theory
Section3.1: What Is Demand
Problem 1ST
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Which of the following most appropriately illustrates the law of demand ?
Select one:
a.households purchase fewer houses when their income falls.
b.consumers prefer more goods to fewer goods.
c.a household buys more cds after the price of cds falls.
d.Sellers increase the amount they sell because the price of the product increases.
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